scholarly journals SECURITIZATION AS AN ALTERNATIVE WAY OF MANAGING THE RISK OF CATASTROPHIC EVENTS

2019 ◽  
Vol 12 (24) ◽  
Author(s):  
Mirela Mitrašević
Keyword(s):  
Financial Markets ◽  
Human Activities ◽  
Insurance Market ◽  
Main Subject ◽  
Catastrophic Events ◽  
Advantages And Disadvantages

Catastrophic events caused by naturaldisasters and human activities pose a uniquechallenge for insurers, because they make itdifficult to estimate expected claims and can causedisruption to the insurance market and imposesignificant costs on government, businesses andindividuals. The lack of available coverage ofthese risks in the market, due to the insolvency orunwillingness of insurers to ensure catastrophicevents, can significantly impede the economicrecovery and development of the country. For thisreason insurers have sought alternative ways ofcovering these extreme losses, and one of them, atransfer of the risk of insurance to the capitalmarkets represents the main subject of thisresearch. The aim of this maneuver is to presentthe advantages and disadvantages of theinstruments through which the transfer ofinsurance risk to financial markets is carried out,as well as to indicate the legal and otherassumptions necessary for the functioning anddevelopment of this market.

Initial Coin Offering (ICO) as a Transformation of Financial Institution of Collective Investment

2020 ◽  
Vol 2020 (1) ◽  
pp. 81-103
Author(s):  
Aleksandr Babkin ◽  
Diana Burkaltseva ◽  
Andrej Tyulin ◽  
Pulod Azimov ◽  
Oleg Blazhevich
Keyword(s):  
Comparative Analysis ◽  
Financial Markets ◽  
Financial Institutions ◽  
Financial Institution ◽  
Digital Economy ◽  
Basic Tool ◽  
Advantages And Disadvantages ◽  
The Subject ◽  
New Form ◽  
Training Specialists

In conditions of financial institutions' development it is crucial to examine the transformation in the form of a collective investment institution under the influence of digitalization and, in particular, the emergence of cryptocurrencies. The subject of the research refers to the features of ICO functioning as a transformation of a financial institution for collective investment. The goal is to explore the ICO as a new form of collective investment. The results of the research are achieved through a comprehensive comparative analysis of ICO and IPO as a basic tool of financial institutions. The paper highlights the advantages and disadvantages, identifies the factors, analyzes the institutional regulation of ICO and proposes development vectors from three angles: for project creators, investors, regulators. The results can be used in policymaking, the functioning of joint investment platforms, in training specialists in the field of digital economy and financial markets.

scholarly journals Financial Technologies of International Banking Regulations

2019 ◽  
Vol 71 ◽  
pp. 02010
Author(s):  
G.S. Panova
Keyword(s):  
Financial Markets ◽  
Banking Regulation ◽  
International Standards ◽  
International Banking ◽  
Advantages And Disadvantages ◽  
Banking Regulations ◽  
Basel Accords ◽  
Global Banking ◽  
Methodological Approaches ◽  
The Impact

The author considers the problems of banking regulation in the context of globalization. An analysis of relevant issues indicates the need to improve financial technologies for banking regulation. Basel innovations, designed to ensure the stability and uninterrupted operation of the global banking system, have led to the creation of counter-innovations by the banking sector. Basel Accords led to the development of the so-called “regulatory rally”, when increasingly sophisticated methods of regulation gave rise to increasingly inventive ways to protect the gains of the banking business. These ways sometimes became an indirect source of rising risks, and were initially taken as effective protection against these risks. The author analyzes the main advantages and disadvantages of the latest Basel Accords on Banking Supervision (Basel III) and identifies specific directions for its improvement, taking into account current practices of national and international approaches to regulating the activities of credit organizations 10 years after the global financial and banking crisis. The importance of the study is determined by the need to develop financial technologies for international banking regulations, as well as theoretical and methodological approaches that determine the interconnectedness and interdependence of financial markets. It is also important to evaluate the effectiveness of measures to regulate the activities of financial and credit institutions at the national and international levels to develop strategies and tactics for the optimal progressive development of financial markets. The purpose of the study is to develop theoretical and methodological approaches to assessing the impact of international standards on activities of Russian credit organizations.

IS A US IPO A SENSIBLE OPTION FOR ASIAN VENTURES?

2007 ◽  
Vol 15 (02) ◽  
pp. 187-211
Author(s):  
DAVID Y CHOI ◽  
SUSAN ELKINAWY ◽  
STACEY H WANG
Keyword(s):  
Financial Markets ◽  
Case Studies ◽  
Stock Exchanges ◽  
Investor Relations ◽  
Advantages And Disadvantages ◽  
Reporting Requirements ◽  
Business Opportunities ◽  
Practical Guidelines ◽  
The U.S

U.S.-based stock exchanges (e.g., NASDAQ) continue to be the financial markets of choice for IPOs among Asian entrepreneurs, although many Asian firms, upon listing, have performed poorly. This paper surveys the existing literature and summarizes the main advantages and disadvantages associated with a U.S. listing by an Asia-based venture. The paper also examines the post-IPO experience of four Asian companies which illuminate issues that are particularly relevant for Asian entrepreneurs. Our findings indicate that a U.S. listing can provide Asian companies with increased liquidity, visibility, and business opportunities. But being public in the U.S. brings disadvantages that include disclosure and reporting requirements, risk of lawsuits, and additional expenses. Our case studies reveal that successful U.S. listings require Asian firms to fully commit to transparency and investor relations programs. Based on our findings, we develop practical guidelines as to when a U.S. IPO may be sensible for an Asian venture.

Investment attitude of millennials towards cryptocurrencies

2020 ◽  
Author(s):  
Vibha Suhas Bhilawadikar ◽  
Ema Garg
Keyword(s):  
Financial Markets ◽  
Risk Level ◽  
Special Focus ◽  
Advantages And Disadvantages ◽  
Digital World ◽  
Risk Appetite ◽  
Short Period ◽  
Retail Investors ◽  
Positive Return ◽  
Interest Levels

PurposeThis study presents research on the awareness and aspirations of millennials towards different investment asset classes with a special focus on cryptocurrencies. Cryptocurrencies are technology dependent digital money systems which have created a buzz in the financial markets in a very short period of time. Digital currencies like Bitcoin, Ethereum, Ripple, Bitcoin Cash, etc., are considered as a new investment asset category that seems to be associated with high risk and return. There are a number of advantages and disadvantages associated with them, but countries, like Japan and the US, have accepted them for some types of transaction, however, India, one of the five largest emerging economies of 2018, has still not accepted them. In spite of government and regulatory inertia towards cryptocurrencies, we have found that awareness and aspiration to invest in this category among millennials is increasing. The objective of this paper is to understand the investment attitudes of millennial investors towards the desire to invest in cryptocurrencies given the disposition of this generation towards the digital world and technologies.Study designThis study is conducted in Mumbai to assess the interest levels in this category especially among the millennial generation. This is a primary research study and data has been collected via face-to-face interviews, and a structured questionnaire, with suitable open-ended questions, involving 100 millennial retail investors in Mumbai, and a random sampling method. The participants were aware of the risk level of the selected financial products. Descriptive statistics and advance analysis techniques, such as correlation, factor and multiple regression analysis, were used as tools to describe relationships in the investment category, to decipher the pattern of the decision-making process among millennials with respect to investment in different categories of financial products.FindingsThe underlying motivation for any financial investment is growth and appreciation of value at an expected rate of return. It is this motivation that needs to be managed by any financial planner, and this is the foundational finding of our research with respect to cryptocurrencies. This study provides information to regulators, recommending adoption of cryptocurrencies within a regulated structure in India.LimitationsThis study has been conducted in Mumbai only.ImplicationsThe fundamental objective of any investment is a positive return and that positive return has to be well managed by governments, regulators and financial marketers.ContributionThis study presents new evidence given the changes that have occurred recently in the financial markets and also highlights the variables that could be determining factors of risk appetite/tolerance for millennial retail investors. It clearly highlights that financial literacy and maturity of millennial investors will drive interest levels in a particular asset class. Prior knowledge about the level of diffusion and adoption of cryptocurrencies as a new asset among Indian millennials will help in creating a relevant policy framework. This will also help in creating a society-safety network among rising digital communities. This is a potentially transparent technological solution that can facilitate many financial solutions such as investments, remittances, and innovative ways to build financial inclusion in society.

Summary of Carbon Sequestration Methods

2012 ◽  
Vol 424-425 ◽  
pp. 102-105
Author(s):  
Qi Zhang ◽  
Ying Li Huang
Keyword(s):  
Carbon Sequestration ◽  
Human Activities ◽  
Stem Volume ◽  
Heilongjiang Province ◽  
Advantages And Disadvantages ◽  
Investigation Methods ◽  
The World ◽  
Forest Carbon Sequestration ◽  
The Individual ◽  
Volume Method

With the signing of the ‘Kyoto Protocol’, more attention has been paid to the greenhouse effect because of the emission of CO2 of human activities. Therefore carbon sequestration accounting becomes more and more significant as the world starts to realize the significance of launching forestation activities for carbon sequestration. This research reviewed the two categories of methods in accounting forest carbon sequestration: Biomass Investigation methods and Microclimatology methods. Principles of the two methods will be introduced in the essay, followed by detailed analysis on both the advantages and disadvantages. Furthermore, the individual applicability will be discussed at the end of each method. Lastly, according to the characteristics of the Greater Khingan Mountains in Heilongjiang Province, the research selected the Stem Volume method as the method to account carbon sequestration of the Greater Khingan Mountains.

scholarly journals Towards Single Market in Financial Services: Highlights of the EU and the EAEU Financial Markets Regulation

2020 ◽  
Vol 8 (1) ◽  
pp. 111-137
Author(s):  
Rustam Kasyanov ◽  
Anzhelika Kriger
Keyword(s):  
Comparative Analysis ◽  
Financial Markets ◽  
Financial Services ◽  
Market Regulation ◽  
The European Union ◽  
European Union Law ◽  
Member States ◽  
Advantages And Disadvantages ◽  
The Eu ◽  
Financial Markets Regulation

The article covers key formats of interstate cooperation in the post-Soviet space. The authors conclude that the Eurasian Economic Union is the major integration project bringing together Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia. This research addresses various legal issues related to founding of the EAEU single financial services market with provisions and annexes of the EAEU Treaty studied. The EAEU meets challenges and creates legal and institutional framework for single financial services market within a relatively short timeframe. By 2025 both Supranational Eurasian financial regulator should be established and EAEU legislation on financial services should be harmonized. These tasks require international and national regulation experience. Therefore through the use of comparative analysis some advantages of the European Union law in the field of financial services market regulation are pointed out alongside with particular national legislation aspects of the EAEU member states in the similar or relative fields. Comparative analysis provides for determination of modern approaches to financial services market regulation in the EAEU and its member states, and allows to emphasize advantages and disadvantages of such regulation. Comparative analysis is applied to specifically investigate three subject areas of high relevance for global financial community: institutional forms of trade in financial instruments; organized trade in financial derivatives; organization of algorithmic and high-frequency algorithmic trading. Conclusion drawn is that the EU experience in the matters of financial markets regulation is of particular interest for the EAEU and its member states.

scholarly journals Insurance Market Development in Comparison With Other Financial Markets Segments in Poland in the Prosperity and Recession

2014 ◽  
Vol 5 (3) ◽  
pp. 153-170
Author(s):  
Dorota Ostrowska
Keyword(s):  
Financial Markets ◽  
Financial Market ◽  
Market Research ◽  
Insurance Market ◽  
Market Development ◽  
Research Period

The problem undertaken in this article is to reduce the dynamics of the financial market in Poland in the period of crisis. The aim of this paper is to analyze the pace of the market development, taking into account the changes that have taken place in the insurance market. Research period covers the years of prosperity and the recession.

scholarly journals The Ecological Footprint Nowadays

2019 ◽  
Vol 1 (3) ◽  
pp. 60 ◽  
Author(s):  
Maria Daferera ◽  
Mariam Abaskharoun ◽  
Evangelia Theodoratou
Keyword(s):  
Life Cycle ◽  
Greenhouse Gases ◽  
Natural Resources ◽  
Human Activities ◽  
Ecological Footprint ◽  
Life Cycle Assessments ◽  
World Average ◽  
Advantages And Disadvantages ◽  
The World ◽  
International Data

This assessment refers to the ecological footprint which is a way to measure the impacts of human activities on Earth. It basically calculates the demand and consumption that measures the needs of a society, as well as the waste and greenhouse gases that generates daily in productive sea and fertile land areas. Moreover, it measures all the natural resources needed to support the material needs of a population or person through the technology, lifestyle and habits of each country. Subsequently we are going to examine the advantages and disadvantages of the phenomenon that human activities provoke and the ways to eliminate the caused problem. The world-average ecological footprint in 2013 was 2.8 global hectares per person and the average per country ranges from over 10 to under 1 global hectares per person. There is also a high variation within countries, based on individual lifestyle and economic possibilities that we also examine. Summarizing all those effects we are going to analyze open international data as far as the metabolism of the ecological footprint concerns in our word but especially in our country to form prospects for our planet the principles of life cycle assessments with the aid of statistics and charts.

scholarly journals Challenges Faced by Working Mothers in Turkey

2021 ◽  
Vol 10 (2) ◽  
pp. 67-89
Author(s):  
Y. Sinan Zavalsız ◽  
Gülşah Göksu
Keyword(s):  
Industrial Revolution ◽  
Working Women ◽  
Working Life ◽  
Home Economics ◽  
Research Model ◽  
Main Subject ◽  
Economic Independence ◽  
Advantages And Disadvantages ◽  
Self Confidence ◽  
Good Wife

This research deals with the advantages and disadvantages of the women who started to work outside the home with the Industrial Revolution in addition to the housework they were responsible for in the traditional period. With industrialization, the employment rate of women who began to work to support their family financially, gain economic independence and self-confidence, and fulfill their education requirements has increased exponentially to date. The research emphasizes that working women are stuck between their roles in working life and home. Expectations are increasing from the women who have started to take part in working life, and different roles are expected from her such as being a good wife, a good mother, a good housewife as well as being a good worker. The reflection of these expectations in families constitutes this study's main subject. The study aims to reveal how women working reflect on themselves, their children, their spouses, and their home from the working women's perspective. This study has emerged by interviewing 25 working women residing in the province of Karabuk, Turkey with a qualitative research model. The conditions such as being married and having at least one child were mandatory while assigning the research group's persons. Also, attention has been paid to ensure that the subjects included in the study work in different professions. As a result of the study, women have generally highlighted negative aspects of their work. However, the working women feel good with her contribution to home economics, has a separate economic income, and offering a better life for her children. The study shows that, despite the difficulties in working life, women who receive support from their spouses maintain a happier marriage. In contrast, those who have weak bonds with their spouses become lonely at home. At the same time, some women try to carry out this process with psychological support.

scholarly journals Insurance Sector Development and its Effect on the Financial Markets in Developing Countries: The Case of Kosovo

2020 ◽  
Vol 5 (1) ◽  
Author(s):  
Blerta Haliti Baruti
Keyword(s):  
Developing Countries ◽  
Financial Markets ◽  
Financial Stability ◽  
Research Question ◽  
Financial System ◽  
Insurance Market ◽  
Insurance Companies ◽  
Direct Role ◽  
Main Research ◽  
Insurance Sector

The purpose of this paper is to extract the important factors in the nature of insurance companies and their direct role in the economic and financial system development. This market study aims to analyse the insurance system in Kosovo by determining and then analysing its structure, the degree of concentration of insurance companies on the insurance market, their behaviour towards price, number of participants, companies operating in this market and types of products and services they provide. Our analysis are gathered on statistical and qualitative data through the study of the theories on insurance market development in other countries. Furthermore, for the empirical analysis, we used secondary data from Central Bank of Kosovo, Insurance Companies and Association Insurance of Kosovo. Also, we conducted two surveys. First, we conducted a survey with finance managers from all insurance companies and secondary survey was in general, for people who work. This way we tried to get a better understanding of the issue at hand.  The identification of these factors would enable insurance companies to design policies that tackle the demands of consumers for voluntary insurance policies and at the same time to contribute to financial stability of Kosovo’s economy. At the end we have to come out with conclusions on the main research question: Does Insurance Development affect the Financial Markets in developing countries? The expected outcome is that the insurance sector in Kosovo is an important factor for the further development of the financial system.

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